Several unions for both employees and employers are thinking of challenging the legal basis and implementing regulations for the Tapera program at the country's top courts, since the government appears set on collecting matching contributions from workers' monthly wages to fund the housing program.

A surprise press conference revealed on Monday that the IKN Authority head and deputy head had both quit, weeks after the President had received their resignation letters, which experts say could be a bad sign for the nation's new capital and both existing and potential investors.

It marks the first in-person IPEF ministerial session since the substantial conclusion of negotiations for the IPEF Clean Economy Agreement and the Fair Economy Agreement in November in San Francisco.

Minister maintains IEU-CEPA could be concluded before outgoing government ends. 

Indonesia’s green finance taxonomy, which currently labels certain coal-fired power plants “green”, may make it challenging to access financing aimed to help shut down coal plants earlier.

Market mechanisms must not be allowed run their course, the finance minister says, warning that a lack of control by the state opens the door to exploitation.

Statements from the finance minister and a budget planning document suggest the government may cut energy subsidies and compensation next year in a move analysts say would create fiscal space for the incoming administration to pursue new policies.

Australia and China, its largest trading partner, are rebuilding ties after a period of strained relations which hit a low in 2020 after Canberra called for an independent investigation into the origin of COVID-19.

The policy, named the public housing savings (Tapera) program, requires participants to make a monthly deposit equal to 3 percent of their monthly salary.

An official said the fare hike appeared to be uniform across operators, a possible indication of price collusion.

While industries have generally welcomed the government's backtracking on a controversial Trade Ministry regulation, certain sectors including electronics and cable manufacturing insist that easing import curbs is not a one-size-fits-all solution.

The finance minister says the container backlogs at the country’s two busiest ports have been mostly cleared following the latest revision to the new import rules, the third in as many months since the Trade Ministry's regulation went into effect on March 10.

The Japanese government’s new carbon capture and storage (CCS) rules are set to kick-start the country’s exports of carbon dioxide (CO2) to Southeast Asia as part of Tokyo’s endeavor to achieve carbon neutrality by 2050.

A crackdown on illegal tukang parkir in Jakarta enjoys wide public support but could spell the end of a livelihood for thousands of Jakartans who say they just make enough to get by. The Jakarta Post spoke to some of them while they were going about their business outside minimarkets in the Tebet area.

The government has expressed its disappointment with Russia's decision to temporarily ban the export of Indonesian coconut products.

Too many red flags would slow down or halt national development, the President said, arguing that in the race for development, speed was imperative.

Since last year, natural resource exporters from Indonesia must retain for at least three months in the domestic financial system 30 percent of their proceeds.

The bill prohibits streaming content displaying violence, mysticism, LGBT or “negative behavior or lifestyles that potentially harm the public”, with violations resulting in fines or license termination.

The Industry Ministry has rejected any blame for the buildup of vessels and containers at key seaports across the country after the Trade Ministry pointed to the delayed issuance of technical approvals (Pertek) as the main cause.

The outgoing government has proposed increased spending on priority programs for next year’s state budget, except for infrastructure, which is to see just an incremental increase or even a decrease.

Local businesses have embraced the Trade Ministry's latest regulation issued on Friday to ease imports of certain goods, the third such policy backtrack since a new set of restrictions were imposed in March.

Indonesia hopes revoking a ministerial regulation could encourage investment in renewable energy projects. 

Vendors are struggling to meet increased demand for air conditioners and blame a recently issued regulation for hampering imports.

The plan was announced despite an initial plan to mandate battery-based electric vehicles in the new capital city, particularly for passenger vehicles. 

The government has pushed back rules that will make halal certificates mandatory for medium, small and micro enterprises (MSMEs) in the food and beverage industry.

Speaking at the Qatar Economic Forum, Prabowo said criticism of Indonesia's downstreaming policies for coal, palm oil and nickel was misplaced and insisted that all nations maintained at least some trade restrictions.

The revised rule primarily addresses complaints over import regulations for passenger goods and migrant workers, but stipulations on raw and auxiliary materials remain mostly the same.

The measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November's US presidential election.

The government is considering the establishment of a standalone ministry to deal with the housing backlog and financing for developers.

The government has vowed to compenate affected people fairly as unresolved issues related to land clearing, including relocating local inhabitants, continue to bog down progress in the IKN project as the clock ticks down to several milestones before Independence Day.